Technical Analysis Trading Methods and Techniques (Collection)

Chapter 14. Case Study: The 1960s

“The expiration of the 15-year interval is the point where all the movements even up temporarily. They come into a sort of balance. Even though it won’t last, it helps us to look back and find out what has really happened, and it enables us to begin a new series of forecasts.”¹ —George Lindsay

Introduction

When the end of a standard basic move and the end of a long-term interval coincide in time, there is a “decisive and often violent movement” in the market. This can be seen at several points in time, including the highs of September 1929, March 1937, and December 1968, and the lows of July 1932 and June 1949. In this case study, and final chapter of the book, a single decade is examined with the intent of illustrating ...